Global
gelatin market size is expected to exceed USD x.xx billion by 2023, growing at
a CAGR between 5% and 5.5% over the period of 2017 – 2023. Gelatin is a colorless,
odorless and tasteless substance widely used in food products. Gelatin is made
from collagen, a soft protein which connects bones, muscles, skins and tendons
of mammals such as cows and pigs. The sticky jelly substance obtained, after
prolonged boiling of safe to use cartilages, muscles and skins is dried into
powder form, for commercial use in various industries. Gelatin finds
applications as gelling agent stabilizers and thickeners in cakes, candies,
fruit desserts, fruit jellies, ice-creams, marshmallows, puddings, yogurts and
some others. Gelatin find industrial applications in the manufacturing of
cosmetics, personal care products, pharmaceutical products, dyeing and tanning
materials, photographic plate coatings, and some others. Gelatin helps in
improving mood, sleep, skin health, digestion and intestinal health, protecting
joints and reducing the joint pain, maintaining hormonal balance, heart
healthy, and bones stronger, detoxing liver, preventing stretch marks,
anti-aging and resists wrinkles, aiding the wellbeing of hair, nails and teeth,
stimulating high metabolism and losing weight.

Figure 1: Global Gelatin Market by Value

Market Insights

Heavy
investments by major players such as Capsugel, Gelita AG, PB Gelatins,
Rousselot S.A.S, Weishardt Group and others in research and development for
product innovation to counter the threat of alternatives and for finding new
applications characterizes the global gelatin market. Increasing preference for
convenience & functional food and beverages among people, due to change in
lifestyles and need for instant nutrition, drive the growth of the global
gelatin market. Moreover, the increasing awareness about the health benefits of
the gelatin is enhancing the demand for gelatin based products. As gelatin is a
good source for protein, the demand for gelatin is anticipated to increase
significantly to meet the increasing demand from nutraceutical industry for
making nutritional supplements. Due to the health benefits the applications of
gelatin is increasing in the personal care products and it is expected to drive
the growth of the market. The technological advancements and emergence of new
applications in pharmaceutical industry is expected to drive the growth of the
gelatin market. Due to the protein content and the compatibility with the milk,
the use of gelatin in dairy products is expected to increase during the
forecast period. Fish based gelatin segment is expected to grow faster, due to
the demand from food processing and pharmaceutical sectors, during the forecast
period 2017-2023.

The
endemic Bovine Spongiform Encephalopathy has affected the availability of the
raw materials and it is expected to cause volatility in the raw materials
prices. Stringent regulations regarding the gelatin use, due to the use of
animal parts for the manufacturing, is a restraint for the global gelatin
market. The production of gelatin-free pharmaceutical products is a restraint
for the market. Moreover, the increasing concern among the consumers regarding
the use of dead bodies of animals for making gelatin hinders the growth of the
market. Availability of vegetarian alternatives for gelatin such as agar agar,
carrageenan, guam gum, & pectin and increasing preference for those among
health conscious vegetarians and vegans is a major challenge for the major
players in the global gelatin market.

Segments Covered

The
report covers the analysis of global as well as regional markets of gelatin
market. Moreover, the global gelatin market is segmented by source, by
application and by function. The global gelatin market by source covers bones,
bovine hides, pig skin, sheep skin, and some others. On the basis of
applications, the market is segmented as food & beverages, dyeing &
tanning, nutraceuticals, personal care, pharmaceuticals, photography, and some
others. Based on function, the market is segmented as gelling agent,
stabilizer, thickener and some others.

Geographies covered

The
global fruit concentrates market covers the analysis of geographies such as
North America, Europe, Asia-Pacific and RoW. In this section, the key trends
and market size for each region is provided over the period of 2017 – 2023.

Figure 2: Global Gelatin Market by Region

Among
geographies, Europe is the dominant gelatin market with a global share of
around 40%. The increasing consumption of gelatin in countries such as Germany
and France, increasing demand for natural nutritional ingredients in food and
beverages, and the presence of huge number of pharmaceutical companies in the
region drive the growth of the European gelatin market. However the impact of
the endemic Bovine Spongiform Encephalopathy is anticipated to hinder the
growth of the market in the short term, as the outbreak affected large bovine
population in Europe and it affect the availability of raw materials for
gelatin. North America is the second largest gelatin market. Presence of major
global meat processing companies, increasing demand for organic personal care
products and functional foods and beverages drive the growth of the North
American gelatin Market. Asia Pacific region is anticipated to be the fastest
growing gelatin market in terms of CAGR during the forecast period 2017-2023,
due to the huge population in region, increasing consumption of convenience
food and beverages, increasing instances of ailments such as arthritis and
increasing demand for personal care products. Increasing demand for frozen and
convenience foods in countries such as Brazil and Argentina drive the growth of
the Latin American gelatin market. As a major meat exporting region, Latin
America has the potential to grow as a major gelatin market, due to the
availability of raw materials.

The
report provides deep insights on demand forecasts, market trends and micro and
macro indicators. In addition, this report provides insights on the factors
that are driving and restraining the demand of gelatin globally as well as
regionally. Moreover, IGR-Growth Matrix analysis given in the report brings an
insight on the investment areas that existing or new market players can
consider.

Moreover,
the study highlights current market trends and provides forecast from 2017 to
2023. We also have highlighted future trends in the gelatin market that will
impact the demand during the forecast period. Moreover, the competitive
analysis given in each regional market brings an insight on the market share of
the leading players. Additionally, the analysis highlights rise and fall in the
market shares of the key players in the market. This report will help
manufacturers, suppliers and distributors of the gelatin market to understand
the present and future trends in this market and formulate their strategies
accordingly.